From: "Chuck & Linda" <[log in to unmask]> 02/03/03 10:24AM >>>
Hello Good people,
I was never aware of this bigger picture issue, but if its true, then it
explains it all to me as Bush's actions seemed rather bold and risky.
Chuck
This may be the real, full explanation for the war. It completely fits with
my sense of it.
Connie
(o o)
------------oOOo-(_)-oOOo-------- Musings from Larry.....#43...Jan. 31,
2003
Here is the latest of my ongoing educational blurbs and
musings....(e-mail & snail mail)
Swords and guns have no eyes. -Chinese proverb
Peace be with you All,
I erased my normal musings from this issue in order to include the following
article by an Indy Times writer. I have had the feeling that oil wasn't the
only reason that Bush was risking world disapproval not to mention our youth
or all that 'collateral damage'. (That's war-speak for innocent civilians &
children.) This may be the answer so I present it to you for your
consideration. :-)
The Real Reason for the War
Written by W. Clark of the Indy Times 01/29/03
"The Federal Reserve's greatest nightmare is that OPEC will switch its
international transactions from a dollar standard to a euro standard. Iraq
actually made this switch in Nov. 2000 ( when the euro was worth around 80
cents ) , and has actually made off like a bandit considering the dollar's
steady
depreciation against the euro.( Note: the dollar declined 15% against the
euro in 2002. )
The real reason the Bush administration wants a puppet government in Iraq -
or more importantly, the reason why the corporate-military-industrial
network conglomerate wants a puppet government in Iraq is so that it will
revert back to a dollar standard and stay that way." ( While also hoping to
veto any wider OPEC momentum towards the euro, especially from Iran - the
2nd largest OPEC producer who is actively discussing a switch to euros for
its oil exports ) .
Furthermore, despite Saudi Arabia being our 'client state,' the Saudi
regime appears increasingly weak/ threatened from massive civil unrest.
Some analysts believe a 'Saudi Revolution' might be plausible in the
aftermath of an unpopular U.S. invasion of Iraq ( ie. Iran circa 1979 ) ..
Undoubtedly, the Bush administration is acutely aware of these risks.
Hence, the neo conservative framework entails a large and permanent
military presence in the Persian Gulf region in a post Saddam era, just in
case we need to surround and grab Saudi's oil fields in the event of a coup
by an anti-western group. But first back to Iraq.
"Saddam sealed his fate when he decided to switch to the euro in late 2000
( and later converted his $10 billion reserve fund at the U.N. to euros ) -
at that point, another manufactured Gulf War become inevitable under Bush
II. Only the most extreme circumstances could possibly stop that now and I
strongly doubt anything can - short of Saddam getting replaced with a
pliant regime."
Big Picture Perspective: Everything else aside from the reserve currency
and the Saudi/Iran oil issues ( i.e. domestic political issues and
international criticism ) is peripheral and of marginal consequence to this
administration. Further, the dollar-euro threat is powerful enough that
they'll rather risk much of the economic backlash in the short-term to
stave off the long-term dollar crash of an OPEC transaction standard change
from dollars to euros. All of this fits into the broader Great Game that
encompasses Russia, India, China."
This information about Iraq's oil currency is censored by the U.S. media as
well as the Bush administration & Federal Reserve as the truth could
potentially curtail both investor and consumer confidence, reduce consumer
borrowing/ spending, create political pressure to form a new energy policy
that slowly weans us off middle-eastern oil, and of course stop our march
towards war in Iraq. This quasi 'state secret' can be found on a Radio Free
Europe article discussing Saddam's switch for his oil sales from dollars to
the euros on Nov. 6, 2000.
Otherwise, the effect of an OPEC switch to the euro would be that
oil-consuming nations would have to flush dollars out of their ( central
bank ) reserve funds and replace these with euros. The dollar would crash
anywhere from 20-40% in value and the consequences would be those one could
expect from any currency collapse and massive inflation ( think Argentina
currency crisis, for example ) . You'd have foreign funds stream out of the
U.S. stock markets and dollar denominated assets, there'd surely be a run
on the banks much like the 1930s, the current account deficit would become
unserviceable, the budget deficit would go into default, and so on. Your
basic 3rd world economic crisis scenario come home to roost.
---
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